Auslanco - GBP/JPY and GBP/USD (newstrade)
Sorry, I still have to ask you this. There is still not enough candles, can you please zoom out a little bit more just like you post the GBPLFX from your previous post. I need to identify the trend so I need more candles. Thank you again.
I have no prob with your analysis. But please remember that what I'm saying is: if there is a breakout, the keyword here is breakout and not just test and pullback. Don't worry too much about what the smart money will be doing, if I were them, I will surely follow the trend after the breakout. And concentrate more on breakout rather than just price testing or non confirmed break ups. Hope this helps.
Hi,
I am a newbie. Can you please let me know what is LFX.
Thanks,
Alifari
Thanks a lot. Well, based on the chart, yes there is 1 confirmation after the price broke the trendline but for now, if the price can close below the shooting star, then we can say that there already a confirmed weakness in yen. However, the shooting star is already indicate a reversal pattern, and hopefully the price can close below its low.
Your welcome! What do you think of this weekly chart on GBPLFX?
Attachment
As you can see, the pound is very bullish, breakout of the ascending triangle
yeah man i'm with you , i just digged more dipper
do you mind,i could take it for 50cent..probly put it on e-bay,pass a couple of pips there...Twee plz bring my bro greekeagle back..i know he looses it sometime,but plzz let him off this one..we need some catalyst around here sometime..ahahha..lol..you guyz are killing me with fun 2day...
not happy with what he said ....I have no idea why he keeps mentioning me in his posts , and in particular this one full of bs . I know the guy , was introduced to him by a good buddy of mine I have known for 5 years . The Greek managed my buddies account ..... note managed past tense ..as he lost his 20 k !!! that is all I really know about his trading .
he has made some great calls and he has made some terrrible calls.
I know the Greek is hedged on every trade ... winners or losers 100 % of the time , so if asked to close all positons am not...
Hi Traders!
This bull move is driving by the pound, I mean, Gopher is almost quit and LFX indexes it could be the key, take a look at this possible breakout on GBPLFX:
Attachment
The pound is breaking this important resistance, maybe the 155 - 156 for Geppy is possible, in the other hand is LFXJPY, is bearish yet; chart:
Attachment
As you maybe know, Geppy is = LFXJPY * GBPLFX, I mean, the next target for GBPLFX is 2.93, and LFXJPY quiet @52, GJ = 2.93*52 = 152.36 or something.
Let's see...
Rgitt, thanks for posting the Waddah Attar indicator, although I was introduced to this indicator early in my trading career, I never did quite grasp what it was doing. But now I understand, so for the purposes of developing an EA, I had to modify it so that it would not re-paint the bar.
So essentially it now calculates on the bar close and not during the bar's development....
look a brief at this chart and two elipses i drawn, and think that many now is sure that we are going to break, so what a smart money will doing : "catch buyers and sell higher" , so may it very fast false breaks up then down, the interesting thing that 2nd elipse is absolutly is 61.8 retracment, and when reached that level we again rejects to upward and a Triangle formed correctly and then we going to break 151.51.
but it's only a prediction of unknown future, we most ready for all situations...
